26 minutes ago
Disney and Warner Bros. Discovery plan to bundle streaming services
Entertainment giants Disney and Warner Bros. Discovery team up to offer streaming services in a bundle announced on Wednesday evening.
The bundle will combine the company’s streaming services Disney+, Hulu, and Max into one package this summer. This product is available at ad-supported and commercial-free levels.
WBD’s stock price edged up in after-hours trading, but Disney’s stock was little changed.
CNBC’s Lillian Rizzo and Alex Sherman share details about the new bundle here.
1 hour ago
Special event travel boosts Airbnb
Airbnb reported strong quarterly results and was very optimistic about the summer travel season. A big reason for this is that people are eager to travel for special events.
A whopping 500,000 guests booked stays on Airbnb during last month’s North American total solar eclipse. During the upcoming Summer Olympics, bookings in Paris will be five times his previous year’s. Meanwhile, German cities also saw a doubling of Airbnb bookings during this summer’s Eurocup soccer tournament.
This is further evidence that despite continued concerns about the economy, consumers are still spending heavily on travel and entertainment experiences.
— robert ham
1 hour ago
Stock futures little changed on Wednesday
Stock futures were little changed Wednesday after the Dow Jones Industrial Average posted its sixth consecutive day of positive trading.
Futures prices linked to the Dow 30 stocks fell 6 points (0.02%). S&P 500 futures fell 0.06% and Nasdaq 100 futures fell 0.1%.
— Brian Evans
